Winnebago Industries (NYSE:WGO) Reaches New 1-Year Low After Analyst Downgrade

Shares of Winnebago Industries, Inc. (NYSE:WGO) reached a new 52-week low during trading on Monday after Truist Financial lowered their price target on the stock from $58.00 to $50.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $33.59 and last traded at $34.27, with a volume of 187165 shares traded. The stock had previously closed at $34.75.

WGO has been the topic of a number of other research reports. KeyCorp decreased their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Citigroup decreased their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. DA Davidson dropped their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Winnebago Industries by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after acquiring an additional 54,272 shares in the last quarter. FMR LLC boosted its position in shares of Winnebago Industries by 76.0% in the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company’s stock valued at $211,000 after purchasing an additional 1,565 shares during the period. BNP Paribas Financial Markets grew its stake in Winnebago Industries by 23.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after buying an additional 3,030 shares during the last quarter. Verition Fund Management LLC increased its position in Winnebago Industries by 16.3% during the third quarter. Verition Fund Management LLC now owns 29,356 shares of the construction company’s stock worth $1,706,000 after buying an additional 4,123 shares during the period. Finally, Centiva Capital LP purchased a new stake in Winnebago Industries in the third quarter valued at approximately $678,000.

Winnebago Industries Trading Down 1.5 %

The business’s 50-day moving average price is $41.45 and its 200-day moving average price is $50.57. The firm has a market capitalization of $972.03 million, a PE ratio of -51.96 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. During the same period last year, the firm posted $0.93 EPS. Winnebago Industries’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, analysts expect that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.97%. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.